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Despite repeated assurances of an imminent reopening, the MM2H remains inactive 21 months after its initial suspension. Insiders say politicking is to blame.
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After a year and a half of uncertainty, hopes emerge that the world’s most popular residency by investment program may reopen soon.
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Not as advertised: A 15-year veteran MM2H advisor questions whether authorities really want foreigners to make Malaysia their second home.
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Asia’s biggest prop-tech group, has partnered with IMI Research Unit to produce a special report on immigrating to and investing in Malaysia.
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When the MM2H relaunches in December, it will likely have a higher price tag. In the meantime, hundreds of agents will struggle to survive.
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The government says it aims to relaunch by December, adding “it’s not a permanent closure because the program contributes to our economy.”
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Investors filed 7,904 applications for the Malaysia My Second Home (MM2H) program in 2019. But minimum property prices for foreigners represent a quandary.
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In July and August last year, 47 Malaysian property exhibitions took place in Hong Kong. During the same two months this year, that number had risen to 93.
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Extremely conservative estimates would place the number of program participants at more than 100,000. The actual figure is likely in the 130-150,000 range.
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Program authorities are also making great strides in dealing with their extensive backlog of unprocessed applications.
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Malaysia’s MM2H residence program, which has approved more than 40,000 participants in its 16-year history, is back from suspension with tighter security, new requirements, and with a review of the financial requirements in the cards.
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The Malaysian government has temporarily frozen the extremely popular Malaysia My Second Home (MM2H) residence by investment program, according to
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We’ve put together an overview of the world’s most popular residence by investment programs, backed by official statistics. A note on the
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If you think the United States EB-5 scheme is the world’s most popular residence by investment program, you’re not alone.
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